Question

Match List-I with List-II:\[\begin{array}{|c|c|} \hline \text{List-I} & \text{List-II} \\ \hline \text{(A) Payment of loans due to partners} & \text{(I) Realisation A/c Dr To Bank A/c} \\ \hline \text{(B) Settlement of partners' accounts (debit balance)} & \text{(II) Bank A/c Dr To Loan to Partners A/c} \\ \hline \text{(C) Settlement of loan by firm to a partner} & \text{(III) Bank A/c Dr To Partner's Capital A/c} \\ \hline \text{(D) Settlement of unrecorded liability} & \text{(IV) Partner's Loan A/c Dr To Bank A/c} \\ \hline \end{array}\]Choose the correct answer:

• A. (A)-(IV), (B)-(III), (C)-(II), (D)-(I)
• B. (A)-(IV), (B)-(II), (C)-(III), (D)-(I)
• C. (A)-(III), (B)-(II), (C)-(IV), (D)-(I)
• D. (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Hint:

Remember: Partner's Loan → Bank, Capital Debit Balance → Bank Dr, Loan to Partner → Bank Dr, Unrecorded Liability → Realisation Dr.

Answer 1

The Correct Option is A

(A) Payment of loans due to partners → Entry: Partner's Loan A/c Dr To Bank A/c → Correct match = (IV). 
(B) Settlement of partners' accounts (debit balance) → Entry: Bank A/c Dr To Partner's Capital A/c → Correct match = (III). 
(C) Settlement of loan by firm to a partner → Entry: Bank A/c Dr To Loan to Partners A/c → Correct match = (II). 
(D) Settlement of unrecorded liability → Entry: Realisation A/c Dr To Bank A/c → Correct match = (I). 

Conclusion: Correct mapping = (A)-(IV), (B)-(III), (C)-(II), (D)-(I). 

Final Answer: \[ \boxed{(A)-(IV), (B)-(III), (C)-(II), (D)-(I)} \]